EURJPY growth in channel

2021年1月13日

In mid-November last year, the price bounced off the local support and rose sharply.
During the growth, the price came to the resistance line 126.62 and fell.
This line, as well as the support line that stopped the fall, formed a small growing channel.
In this channel, the price has been moving during the last month.
At the end of last week, it touched the resistance line at 127.48 again.
The price fell and came to the support line (lower channel line).
I expect the price to touch the line at 126.43.
And then it will rise to resistance (the upper channel line).
The target is 127.72.

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